Quote from: BittBurger on January 25, 2014, 06:22:51 PM

Quote from: cryptozaurus on January 25, 2014, 03:33:04 PM

As you thought, the transaction fees are getting higher when the BTC price climb. The core developpers are working on this matter:

http://www.reddit.com/r/Bitcoin/comments/1w34ov/4_new_bitcoin_features_revealed_by_core_developer/

Thank you for an intelligent response.

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You don't have to pay the fee do you? And $1 to send nearly $800 doesn't seem too bad to me.

Yes. It forces me to pay the fee when I try to send. I guess the coins are "new" <--- nice arbitrary rule?

If Bitcoin has any hope of being used for daily commerce this ridiculous "must be 6 months old" rule needs to be eliminated as well.

1 day not six months. 24 hours for a fee-less 1 bitcoin transaction. More for a smaller transaction.

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And either way, a dollar is fucking ridiculous for sending 1 bitcoin.

Is it a dollar? Or 8 cents. How about you clarify what you are talking about first? Tell us the fee in bitcoins.

And FYI the fee does not increase based on the amount of the transaction. It is based on the size of the transaction in bytes.

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Correct. I want to do it 100% free of charge. Like I can through my Bank: That entity which Bitcoin is supposed to be so much better than, because it brings us lower cost/free transactions.

With the evil, inferior, (soon to be destroyed by Bitcoin?) CHASE bank, I can transfer an unlimited dollar amount between my own bank accounts for free.

I can also now send up to $5000 to anyone else in the world with a CHASE bank account, 100% free of charge, instantly. I pay one of my vendors this way monthly. We dumped Paypal because of it.

LOL that's totally untrue. US only may be free but not worldwide. SWIFT wires are extremely costly and so is western union. CHASE or whatever does NOT have its own system for global money transfer despite whatever marketing told you. It uses SWIFT like everyone else. If you are not paying a fee then your vendor is and he's transferring that cost on to you in what he's charging you. No one is getting a free lunch.

Another thing you should be aware of your bank is transferring debt. Bitcoin is asset based. As long as you control the private key you own the coins regardless of what anyone else does.